Net income attributable to shareholders nearly doubled in the second quarter to €369 million ($419 mm) from €190 million helped by expanding margins and lower spending, as revenues increased 2% to €5,952 million ($6,764 mm) up from €5,822 million.

Net loss narrowed 55% to $116,408,000 from $258,886,000 for the fiscal first quarter ended June 30 as revenue inched down (-2% constant currency) to $1,760,666,000 from $1,769,060,000, but was up 5% CC excluding Vans, which is still working on channel cleanup.

GMRN's Fitness segment outperformed with a 41% revenue improvement to $605,425,000 from $428,404,000 for the second quarter, resulting in an 84% jump in operating income to $197,630,000 over $107,610,000.

The outdoor and lifestyle headwear and accessories brand promoted Canfield to the top job from VP of marketing and e-commerce, a position she's held since 2022.

Shimano has agreed to settle a 2023 class action that accused the Japanese bike component maker of failing to disclose the danger posed by defective cranksets in a timely manner.